Looking at each location, which is the most expensive tube station for office rents? What are the trends over the coming months? As 2023 draws to a close, let's take a look at the key facts:
Which metro station in Paris has the highest rent price?
Kléber (L.6), Champs-Elysées Clémenceau (L.1) and Richelieu Drouot (L.8) have the highest average Office rents (900, 890, 860 euros per square foot, per year), mid-November. Average rents for presentation are on the rise in the centre of the capital city, but the lack of supply of new, refurbished, or renovated space over 1,000 sq m is temporarily holding back averages in certain central stations. In the future, Paris office values should continue to rise in a context of supply scarcity and strong demand. Office located near stations in the eastern and northern suburbs remain the least expensive.
In which part of Lyon is the most expensive office rent?
Unsurprisingly, the Part-Dieu, both Lyon's CBD and an unbeatable multimodal hub on the scale of the metropolis, concentrates the most expensive rental supplies with, for example, the Primatvera building presented at €350 sq m, street de Bonnel. The Presqu'Île, a central sector by excellence and structurally undersupplied in terms of offices, has values close to the Part-Dieu, with in particular the Grand Hôtel Dieu building proposed to €330 sq m (Bellecour station).
Finally, the very elegant 6th arrondissement completes this podium with, for example, the Crystallin aux Brotteaux presented at €320 sq m. Note that beyond these prime sectors, there are qualitative supplies at attractive rents (less than €300 sq m) in inner city districts that are very well served by public transport. We can mention among others Charpennes (metros A and B + tram T1 and T4 ) which offers renovated Office buildings at rents peaking around €200 sq m. For users looking above all for an economical solution without sacrificing accessibility by public transport, several peripheral sectors offer a very relevant alternative, such as Oulins, recently served by metro B (top rent at €165 sq m), or the Technology Park in Saint Priest (€135 sq m).
In Marseille, which station has the highest Office rent price?
Located in Euroméditerranée, Arenc-Le-Silo (tram lines T2 - T3) is the station with the highest top rental value (€347 sq m Tour la Marseillaise) and the highest average rental (€293 sq m). Euroméditerranée-Gantès (tram lines T2 - T3) and Joliette (metro lines M2 and tram lines T2 - T3), in the same sector, complete the podium with a top value of €280 sq m and average values of €235 sq m and €254 sq m respectively.
In a context of the search for centrality and strong pressure on supply, there has been an increase in rental values on the M2 metro line and the T1 and T3 tram lines in their central parts. The values observed around the stations of the M1 metro line, made up of second hand supplies, remain stable. It will be difficult for the evolution of values to be based on the delivery of future supplies. Only the Mirabeau on Euromediterranée – Arenc-le-Silo station (lines T2 T3) is expected at the end of 2023, while the outlook for 2024 is reduced.
